Ninjastic
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Board Bitcoin Discussion
Re: Daily use of bitcoin?
by
richardsNY
on 08/04/2017, 22:04:03 UTC
Quote from: Vikingr on April 08, 2017, 09:10:23 PM
Quote from: mornabo on April 06, 2017, 11:42:51 PM
Quote from: casinobitcoin on April 06, 2017, 01:57:43 PM
It's not that popular online. Like as in online shops. Just try and see how many online shops that accept bitcoin you can find. I mean the list is growing by the day but still bitcoin payments are still in their infancy. But still, from what I can see things are looking up, slowly but surely.
I think the online store will not be used every day. you can not be spending then always pay the shipping costs continually, perhaps if it had been a lot of offline stores that accept bitcoin we could use bitcoin everyday
It will take some time for offline stores to start accepting bitcoin but still I like to shop from online shop because I do not need to go outside of my home to shop and I do not need to go abroad if I need to buy an imported good. I can shop from all over the world from my home.

Problem is that people have no incentive to spend their coins on local level. Especially when you consider that payment services that are being used will require proper fees to be included in order to accept it, and allow people to buy stuff without needing to wait for 1 confirmation. Important to note is that it can only be done with relatively low amounts which I believe to be $25-$30 at most. For amounts higher than that you'll need to wait for that confirmation. Do you already see yourself buy something for $50 in Bitcoin and wait around 20-30 minutes before you can walk out? I don't think so.